EXFO Inc. reported its third-quarter financial results for fiscal 2020, with sales reaching US$66.1 million, a 10.1% decrease year-over-year, largely due to the impact of the coronavirus pandemic. IFRS net earnings stood at US$3.2 million, equating to US$0.06 per share, boosted by a US$3.3 million wage subsidy. Adjusted EBITDA was US$10.7 million, representing 16.1% of sales. Notably, Test and Measurement sales constituted 75% of the revenue. The company also extended its credit facilities to US$65.3 million until May 2021.
EXFO Inc. (NASDAQ: EXFO) has announced the release of its third quarter financial results for fiscal 2020, scheduled for July 8, 2020, after market close. A conference call will follow at 5 p.m. Eastern time, led by key executives including Executive Chairman Germain Lamonde and CEO Philippe Morin. Participants can join the call by dialing (323) 794-2093, using the passcode 8963518. An audio replay will be available for two hours after the call, lasting until July 15, 2020. Interested parties can access the webcast and replay on EXFO's investor website.